Jakarta, CNBC Indonesia - Chief Operating Officer (COO) of Danantara\nand Head of the State-Owned Enterprises Regulatory Agency (BP BUMN) Dony\nOskaria has spoken out on solutions to resolve the management issues of\nthe Whoosh high-speed train. One of the planned options is the takeover\nof ownership stakes by the Ministry of Finance.<\/p>\n
When asked by reporters, Dony confirmed that one of the planned\noptions is the takeover of PT Kereta Cepat Indonesia China by the\nMinistry of Finance.<\/p>\n
\u201cThere are several schemes, of course. I will update later because\nit\u2019s not final yet; if we update now, it might cause a stir again,\u201d said\nDony.<\/p>\n
He mentioned options A and B for resolving Whoosh\u2019s financial\nproblems, which are expected to be decided within the next one to two\nmonths. However, Finance Minister Purbaya Yudhi Sadewa has not yet been\nforthcoming about this plan when confirmed by reporters. According to\nhim, a meeting has already been held with Danantara, and it is just\nawaiting finalisation.<\/p>\n
\u201cWho said that?\u201d said Purbaya when confirmed.<\/p>\n
\u201cThe meeting has been decided and completed; it\u2019s just formalities\nleft, but I can\u2019t announce it yet because I\u2019m not the only one involved.\nIt will be announced later, but it\u2019s already clear what the management\nwill be like,\u201d he added.<\/p>\n
In a separate opportunity, Dony also said that the Whoosh issue has\nbeen discussed with Finance Minister Purbaya Yudhi Sadewa. The plan is\nto announce the decision within the next two weeks.<\/p>\n
\u201cNext week or in two weeks, we will meet with reporters along with\nthe Finance Minister to convey the resolution of Whoosh that has been\nfinalised. We will convey this, and of course, the President hopes that\nthe management of state-owned enterprises going forward will be even\nbetter,\u201d said Dony at the Presidential Palace Complex on Thursday\n(8\/4\/2026).<\/p>\n
Dony explained that there will be a signing of agreements from all\nthe study results that have been prepared. Although he has not yet\nrevealed what scheme solution has been produced to resolve Whoosh\u2019s debt\nissues.<\/p>\n
Furthermore, Dony explained that although the Ministry of Finance\nwill have an ownership stake in the high-speed train, operations will\nremain directly under PT KAI. In addition, he has not yet disclosed how\nmuch stake the Ministry of Finance will take in the process of resolving\nthe high-speed train debt.<\/p>\n
\u201cWell, this will be conveyed later; it won\u2019t be a surprise. The\nFinance Minister and I will certainly announce this resolution process\nto the public together,\u201d he explained.<\/p>\n
Danantara Boss Speaks Out on WIKA\u2019s Losses Due to High-Speed\nTrain<\/p>\n
PT Wijaya Karya Tbk (WIKA) is also said to have suffered losses of Rp\n1.7-1.8 trillion per year due to its involvement in the PT Kereta Cepat\nIndonesia - China project. WIKA is one of the shareholders in PT Pilar\nSinergi BUMN Indonesia, which is the Indonesian side\u2019s consortium in the\nKCIC joint venture company.<\/p>\n
WIKA\u2019s stake is 33.36%, the second largest after PT Kereta Api\nIndonesia (Persero) at 58.53%, PT Perkebunan Nusantara I at 1.03%, and\nPT Jasa Marga (Persero) at 7.08%. Meanwhile, the shareholder composition\nof Beijing Yawan HSR Co.\u00a0Ltd is CREC 42.88%, Sinohydro 30%, CRRC 12%,\nCRSC 10.12%, and CRIC 5%.<\/p>\n
Dony said that WIKA will no longer be involved in the railway project\nbecause it does not align with the main business of this red-plate\ncontractor company.<\/p>\n
\u201cSo they will not be involved in the railway anymore because it is\nnot in line with their business,\u201d said Dony.<\/p>\n
Dony explained that detaching WIKA from this project will indeed take\ntime. However, he is committed to resolving all state-owned enterprise\nissues.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/government-to-announce-whoosh-rescue-options-here-are-the-leaks-1775627500", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }